Rli corp director Graham Jordan sells $112,155 in stock

RLI Corp (NYSE:RLI), a $6.8 billion market cap insurance company, has seen Director Graham Jordan W sell a portion of his holdings. According to a Form 4 filing with the Securities and Exchange Commission, Jordan disposed of 1,500 shares of RLI Corp common stock on March 11, 2025. The shares were sold at a price of $74.77 each, amounting to a total transaction value of $112,155. According to InvestingPro analysis, the stock is currently trading near its Fair Value.

Following this sale, Jordan’s direct ownership now stands at 12,854 shares. The adjustment in shares reflects a 2-for-1 stock split that took place on January 15, 2025, and includes shares acquired through dividend reinvestment. Notably, InvestingPro data shows RLI has maintained dividend payments for 50 consecutive years, with a current dividend yield of 3.51%.

This transaction is part of the ongoing activity by insiders at RLI Corp, a company specializing in fire, marine, and casualty insurance. Investors often watch such insider transactions closely, as they can provide insights into the company’s financial health and insider sentiment. The company maintains a strong financial profile, with InvestingPro rating its overall financial health as "GOOD" based on comprehensive analysis of profitability, growth, and cash flow metrics. For deeper insights, investors can access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, RLI Corp reported its fourth-quarter 2024 earnings, revealing operating earnings of $0.41 per share, which fell short of the anticipated $1.02 per share. The company’s revenue for the quarter was $439.12 million, also below the expected $464.46 million. Despite the earnings miss, RLI Corp achieved a 13% increase in full-year net earnings, reaching $3.74 per share, and continued its track record of underwriting profitability for the 29th consecutive year. Gross premiums rose by 9% in the fourth quarter, highlighting a strong performance in its insurance segments. Analysts noted the company’s focus on rate increases in auto-related lines and its potential for organic growth in specialty insurance markets. Additionally, RLI Corp’s book value per share increased by 24% from the previous year, reaching $16.59. The company plans to maintain its underwriting profitability and has projected earnings per share for 2025 to be $3.10. The firm remains attentive to challenges such as auto severity and increased competition in the E&S property market.

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